Hana Mining Ltd.
TSX VENTURE : HMG
FRANKFURT : 4LH

Hana Mining Ltd.

September 08, 2010 09:00 ET

Hana Mining Ltd.: Latest Drilling Results Identify High-Grade Potential Starter Pit at the Banana Zone, Ghanzi Project, Botswana

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2010) - Hana Mining Ltd. ("Hana" or the "Company") (TSX VENTURE:HMG)(FRANKFURT:4LH) is pleased to announce its most recent drilling results from the completion of 59 infill diamond drill holes from the Banana Zone at its Ghanzi sediment hosted Copper-Silver Project in Botswana.

Infill drilling was carried out within the New Discovery area (between sections 49,700 to 51,600 on the North Limb) to assist Hana's technical team in the design and modeling of the initial high-grade starter pit at the Banana Zone, and to convert a substantial amount of the NI 43-110 compliant resources within this area into the Measured and Indicated (M&I) category from the Inferred category.

These results are from new holes and are in addition to those used in the most recent NI 43-101 compliant Inferred mineral resource calculation (see Table 1 at the end of this press release for the results from all 59 drill holes). The mineralization remains open at depth.

Highlights of recent drilling results:



-- Based on the most recent drilling results, New Discovery is shaping up
to be the site of initial open pit mining for the Banana Zone.
-- These latest results confirm a strike length of almost 2 km between
section lines 49,700 to 51,600 on the North Limb at the New Discovery
area.
-- High grade intercepts of 7.64% Cu and 78.0 g/t Au over 8.48 metres in
hole HA-122b-D, 1.91% Cu and 21.0 g/t Au over 23.49 metres in hole HA-
128d-D, 6.70% Cu and 159.0 g/t Ag over 2.5 metres in hole HA-119-D, and
3.40% Cu and 69.0 g/t Ag over 6.00 metres in hole HA-132-D.
-- Wide intercepts of 0.64% Cu and 12.0 g/t Ag over 42.27 metres (including
1.25% Cu and 32.0 g/t Ag over 11.00 metres) in hole HA-146-D, 0.65% Cu
and 6.0 g/t Ag over 39.52 metres (including 1.62% Cu and 10.0 g/t Ag
over 7.20 metres) in hole HA-148-D, 0.55% Cu and 4.0 g/t Ag over 36.00
metres (including 1.42% Cu and 12.0 g/t Ag over 9.00 metres) in hole HA-
140-D, and 0.51% Cu and 8.0 g/t Ag over 32.00 metres (including 1.58% Cu
and 32.0 g/t Ag over 5.00 metres) in hole HA-138-D.
-- The entire 64 km strike length of the Banana Zone has now been drilled
with assay results pending.
-- Drilling is progressing as scheduled. Total drilling to date is at
approximately 63,000 metres.


Discussion of Results:

The recently completed infill drilling program at New Discovery has confirmed the previous drilling results between sections 49,700 to 51,600 (Figure 1) and is expected to allow the conversion of resources to M&I from Inferred. Given the encouraging grades and widths encountered, this area is likely to become the focus for initial open pit mining operations at the Banana Zone (Figures 2 and 3). Engineering and modeling have already commenced and the results are expected to be incorporated into the Preliminary Economic Assessment which is expected to be completed by the end of calendar year 2010.

To view Figure 1, click on the following link: http://media3.marketwire.com/docs/Figure1Hana1.jpg

To view Figure 2, click on the following link: http://media3.marketwire.com/docs/Figure2Hana.jpg

To view Figure 3, click on the following link: http://media3.marketwire.com/docs/Figure3Hana.jpg

Development Update:

The following engineering activities are ongoing to fulfill the goal of completion of a PEA by Q4 2010:



-- Mine open pit modeling has been carried out using the April 2010
resource as a basis to define parameters to be used in the revised model
to be completed after the 2010 drilling has been incorporated;
-- Metallurgical work is ongoing for the Banana Zone at Mintek in
Johannesburg, and at Metcon Research in Tucson, Arizona which is
carrying out the metallurgical (leaching) work for the Chalcocite Zone;
-- Field work for water exploration is ongoing with drill targets being
identified;
-- Environmental and socioeconomic baseline work is ongoing and the company
anticipates initial public meetings with stakeholders in the fall.


Hana Mining's CEO and Chairman, Marek Kreczmer, commented as follows:

"The New Discovery area, with its favorable strip ratios (Figure 3), is shaping up to be the location of the starter pit for initial mining operations at the Banana Zone. We initially investigated commencing mining operations at New Discovery when drilling indicated that copper-silver mineralization was thick and consistent. Now, with the most recent drilling results in hand that confirm the high-grade horizons within thick intercepts of copper-silver mineralization, we are becoming more confident that New Discovery may be able to supply feedstock to our grinding mills for the initial years of operations and, therefore, could provide a quick payback on investment. A similar opportunity exists for Hana in sections 63000 to 71000 on both the North and South limbs of the Banana Zone. Delineation drilling in this section is under way."

Qualified Person and Quality Assurance/Quality Control

The drilling program and results are reviewed and approved by Vivian Park, P.Geo., Senior Geologist/Database Manager for Hana. Ms. Park is the qualified person as defined in NI 43-101 and has reviewed the technical information in this press release.

Hana has implemented an industry-standard QA/QC program. Drill core is logged, photographed, split in half by sawing, and sampled at site. Samples are placed into labelled bags, closed and packed into sealed bags that are shipped to ALS Chemex Laboratory in Johannesburg, South Africa. Hana has implemented an industry-standard QA/QC program that includes the blind insertion of certified standards, duplicates and field blanks into the sample stream.

About Hana Mining's Ghanzi Copper-Silver Project in Botswana:

The Ghanzi Project is located in the center of the Kalahari Copper Belt in northwestern Botswana. The Ghanzi property covers 2,169 sq Km, and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 58.7 kilometres. This favorable geology extends over an estimated strike length of 600 kilometres. Hana Mining released results of its most recent NI 43-101 compliant resource estimate for the Ghanzi Project on April 21, 2010, announcing an inferred mineral resource of 3.9 billion pounds of copper and 62.1 million ounces of silver from 177 million tonnes. This mineral resource estimate consists of 73.5 million tonnes grading 1.5% Cu and 19 g/t Ag in the Banana Zone, 13.4 million tonnes grading 1.7% Cu and 12 g/t Ag in Zone 5, 6.3 million tonnes grading 1.5% Cu and 7 g/t Ag in Zone 6; all at a cut-off grade of 0.75% Cu. Also included is 83.6 million tonnes grading 0.46% Cu and 3.6 g/t Ag at a cut-off grade of 0.30% in the Chalcocite Zone.

The Banana Zone exhibits certain areas of higher grade Cu and Ag mineralization, particularly between sections 49700 to 52000 on the North limb, described in this press release, and sections 63000 to 71000 on both the North and South limbs, which represent an opportunity to locate starter pits and mine initial tonnages at higher than average grades. These higher grade pockets tend to be well within open pit depth parameters and represent opportunities to improve early cash flow and overall returns in development.

The project will benefit from proposed rail and power infrastructure expansions, along with proximity to local population centers and workforce. A feasibility study is currently underway (funded by the World Bank and the governments of Botswana and Namibia) to support completion of a rail line link that would connect Botswana with the Namibian port of Walvis Bay, on the Atlantic coast. The closest existing railhead to port is at Gobabis, in Namibia, approximately 550 km from our property. Construction has begun on the 600MW expansion of the government-owned Moropule Power Plant, having secured US$825 million project funding in May 2009. The Ghanzi Copper- Silver Project is currently accessed by the paved Trans-Kalahari highway, which passes within 15 km of the property.

The Ghanzi property is one of Africa's premier future copper-silver resources.



Table 1: Drill Results from New Discovery, Sections 49700 to 51600 -
Interval indicates down hole interval

--------------------------------------------------------------------------
Mineralized From To Interval Cu Ag
Hole # Section Zone (m) (m) (m) (%) (g/t)
--------------------------------------------------------------------------
New Discovery Diamond Drilling
--------------------------------------------------------------------------
HA-108-D 49750 New Discovery 28.00 30.00 2.00 0.27 1.0
--------------------------------------------------------------------------
HA-109-D 49750 New Discovery 141.00 146.00 5.00 0.81 12.0
includes 142.65 145.00 2.35 1.32 19.0
includes 143.65 145.00 1.35 1.91 30.0
--------------------------------------------------------------------------
HA-110-D 49850 New Discovery 27.00 30.00 3.00 0.27 1.0
53.00 62.74 9.74 0.20 2.0
--------------------------------------------------------------------------
HA-111-D 49850 New Discovery 92.00 97.00 5.00 0.46 2.0
includes 92.00 95.00 3.00 0.60 3.0
102.00 106.00 4.00 0.12 1.0
114.00 129.00 15.00 0.26 3.0
--------------------------------------------------------------------------
HA-112-D 49850 New Discovery 145.00 148.00 3.00 0.14 1.0
161.00 178.00 17.00 0.30 3.0
includes 172.00 178.00 6.00 0.54 6.0
--------------------------------------------------------------------------
HA-113-D 50050 New Discovery 48.00 52.00 4.00 0.38 1.0
--------------------------------------------------------------------------
HA-114-D 49950 New Discovery 78.00 82.00 4.00 0.97 18.0
includes 78.00 81.00 3.00 1.25 23.0
includes 80.00 81.00 1.00 2.18 60.0
86.00 89.00 3.00 0.24 2.0
103.00 113.00 10.00 0.36 5.0
includes 106.00 108.00 2.00 0.63 10.0
--------------------------------------------------------------------------
HA-115-D 49950 New Discovery 144.27 153.00 8.73 0.69 4.0
includes 144.27 147.23 2.96 1.55 6.0
includes 145.61 146.23 0.62 4.89 17.0
164.80 177.00 12.20 0.40 6.0
includes 170.33 177.00 6.67 0.62 9.0
includes 176.00 177.00 1.00 2.17 33.0
--------------------------------------------------------------------------
HA-116a-D 49950 New Discovery 46.65 60.00 13.35 0.33 1.0
includes 52.00 56.00 4.00 0.81 1.0
includes 53.00 54.00 1.00 1.05 1.0
--------------------------------------------------------------------------
HA-116c-D 50050 New Discovery 49.00 60.00 11.00 0.43 2.0
includes 52.00 59.00 7.00 0.55 2.0
includes 53.00 54.00 1.00 1.02 1.0
70.00 85.14 15.14 0.15 2.0
--------------------------------------------------------------------------
HA-117-D 50050 New Discovery 94.10 98.00 3.90 1.15 10.0
includes 95.00 98.00 3.00 1.27 12.0
includes 95.00 96.00 1.00 1.20 1.0
includes 96.80 98.00 1.20 1.80 25.0
102.00 106.00 4.00 0.22 2.0
118.00 127.27 9.27 0.25 3.0
--------------------------------------------------------------------------
HA-118-D 50050 New Discovery 135.30 142.09 6.79 0.80 17.0
includes 136.60 141.00 4.40 1.12 26.0
includes 140.00 141.00 1.00 1.88 68.0
147.36 149.00 1.64 0.21 1.0
159.41 167.00 7.59 0.53 7.0
includes 163.25 164.00 0.75 3.60 48.0
--------------------------------------------------------------------------
HA-119-D 50150 New Discovery 56.00 63.00 7.00 2.67 60.0
includes 56.00 59.50 3.50 5.06 117.0
includes 57.00 59.50 2.50 6.70 159.0
78.00 85.32 7.32 0.35 6.0
includes 83.50 84.65 1.15 1.23 29.0
--------------------------------------------------------------------------
HA-120-D 50150 New Discovery 127.00 140.00 13.00 0.68 9.0
includes 128.00 140.00 12.00 0.73 9.0
includes 128.00 129.00 1.00 1.06 3.0
includes 132.00 134.00 2.00 1.58 27.0
147.00 159.00 12.00 0.28 3.0
includes 156.00 159.00 3.00 0.63 8.0
--------------------------------------------------------------------------
HA-121-D 50150 New Discovery 151.00 183.11 32.11 0.34 3.0
includes 151.92 161.00 9.08 0.64 3.0
includes 155.00 157.26 2.26 1.39 4.0
--------------------------------------------------------------------------
HA-122-D 50250 New Discovery 28.07 63.30 35.23 0.79 8.0
includes 31.07 39.00 7.93 2.71 30.0
includes 31.07 37.07 6.00 3.29 38.0
includes 56.90 62.00 5.10 0.59 3.0
--------------------------------------------------------------------------
HA-122b-D 50250 New Discovery 28.52 45.00 16.48 4.07 41.0
includes 28.52 38.30 9.78 6.70 68.0
includes 28.52 37.00 8.48 7.64 78.0
54.00 63.50 9.50 0.26 2.0
includes 59.00 61.00 2.00 0.61 4.0
--------------------------------------------------------------------------
HA-123-D 50250 New Discovery 105.00 130.41 25.41 0.94 16.0
includes 105.00 113.78 8.78 2.20 40.0
includes 105.00 109.23 4.23 3.76 66.0
includes 119.78 130.41 10.63 0.39 5.0
--------------------------------------------------------------------------
HA-124-D 50250 New Discovery 173.00 188.00 15.00 1.72 34.0
includes 174.00 188.00 14.00 1.82 36.0
includes 176.50 187.00 10.50 2.21 47.0
196.00 207.40 11.40 0.23 3.0
--------------------------------------------------------------------------
HA-125-D 50350 New Discovery 31.00 44.00 13.00 1.10 6.0
includes 32.00 41.00 9.00 1.48 8.0
includes 33.00 41.00 8.00 1.58 9.0
57.00 63.00 6.00 0.48 1.0
includes 61.00 62.00 1.00 1.16 1.0
--------------------------------------------------------------------------
HA-126-D 50350 New Discovery 79.00 112.00 33.00 0.60 13.0
includes 79.00 87.00 8.00 1.68 40.0
--------------------------------------------------------------------------
HA-127-D 50350 New Discovery 223.10 260.00 36.90 0.36 7.0
includes 228.87 239.00 10.13 0.91 17.0
--------------------------------------------------------------------------
HA-128-D 50450 New Discovery 38.00 56.84 18.84 0.73 8.0
includes 39.00 43.00 4.00 2.73 35.0
--------------------------------------------------------------------------
HA-128c-D 50425 New Discovery 27.50 60.00 32.50 0.52 8.0
includes 39.00 42.00 3.00 2.98 69.0
includes 57.00 60.00 3.00 0.72 2.0
--------------------------------------------------------------------------
HA-128d-D 50450 New Discovery 42.05 65.54 23.49 1.91 21.0
includes 43.10 45.00 1.90 20.64 252.0
includes 62.00 64.63 2.63 0.67 3.0
--------------------------------------------------------------------------
HA-129-D 50450 New Discovery 75.00 112.20 37.20 0.62 14.0
includes 82.00 91.00 9.00 1.67 40.0
includes 82.00 86.00 4.00 2.82 69.0
includes 89.00 90.00 1.00 2.12 41.0
includes 105.00 110.00 5.00 0.58 10.0
--------------------------------------------------------------------------
HA-130-D 50425 New Discovery 224.02 247.98 23.96 0.84 17.0
includes 225.02 243.00 17.98 1.06 21.0
includes 225.02 229.98 4.96 1.37 16.0
includes 234.00 235.00 1.00 1.39 30.0
includes 240.00 243.00 3.00 2.66 70.0
--------------------------------------------------------------------------
HA-131-D 50550 New Discovery 34.44 62.74 28.30 0.49 4.0
includes 37.00 38.00 1.00 1.67 60.0
includes 40.00 41.00 1.00 4.89 13.0
includes 59.00 62.74 3.74 0.56 2.0
--------------------------------------------------------------------------
HA-132-D 50550 New Discovery 96.00 119.36 23.36 1.18 22.0
includes 96.00 103.00 7.00 3.00 60.0
includes 97.00 103.00 6.00 3.40 69.0
includes 111.00 119.36 8.36 0.57 9.0
--------------------------------------------------------------------------
HA-133-D 50525 New Discovery 150.42 180.86 30.44 0.87 19.0
includes 150.42 166.00 15.58 1.49 34.0
includes 150.42 163.00 12.58 1.74 40.0
--------------------------------------------------------------------------
HA-134-D 50625 New Discovery 28.27 63.83 35.56 0.53 3.0
includes 31.00 40.00 9.00 1.50 8.0
--------------------------------------------------------------------------
HA-135-D 50650 New Discovery 84.00 118.87 34.87 0.49 8.0
includes 89.00 95.40 6.40 1.36 24.0
includes 96.37 97.22 0.85 1.26 31.0
includes 99.00 100.00 1.00 1.22 18.0
--------------------------------------------------------------------------
HA-136-D 50650 New Discovery 150.00 178.00 28.00 0.50 8.0
includes 152.00 163.00 11.00 0.78 14.0
includes 152.00 159.00 7.00 1.05 18.0
includes 170.00 177.10 7.10 0.50 7.0
--------------------------------------------------------------------------
HA-137-D 50725 New Discovery 24.00 44.00 20.00 0.75 5.0
includes 26.00 35.00 9.00 1.30 9.0
includes 29.00 33.00 4.00 2.23 13.0
includes 40.00 41.00 1.00 1.26 9.0
50.00 61.00 11.00 0.32 2.0
includes 59.00 61.00 2.00 0.69 5.0
---------------------------------------------------------------------------
HA-138-D 50750 New Discovery 87.00 119.00 32.00 0.51 8.0
includes 88.00 101.00 13.00 0.89 17.0
includes 89.00 94.00 5.00 1.58 32.0
includes 113.00 117.00 4.00 0.56 6.0
--------------------------------------------------------------------------
HA-139-D 50725 New Discovery 149.00 177.00 28.00 0.66 11.0
includes 150.00 163.00 13.00 1.04 18.0
includes 151.00 158.00 7.00 1.57 27.0
includes 172.00 177.00 5.00 0.62 8.0
--------------------------------------------------------------------------
HA-140-D 50825 New Discovery 30.00 66.00 36.00 0.55 4.0
includes 33.00 48.00 15.00 1.07 9.0
includes 34.00 43.00 9.00 1.42 12.0
includes 46.00 47.00 1.00 1.31 14.0
--------------------------------------------------------------------------
HA-141-D 50850 New Discovery 88.00 121.87 33.87 0.65 12.0
--------------------------------------------------------------------------
includes 88.00 97.00 9.00 1.69 33.0
includes 90.00 97.00 7.00 1.99 41.0
includes 119.00 120.84 1.84 0.79 9.0
--------------------------------------------------------------------------
HA-142-D 50925 New Discovery 16.20 45.00 28.80 0.97 10.0
includes 17.34 30.00 12.66 1.98 22.0
includes 17.63 26.00 8.37 2.77 30.0
48.00 52.00 4.00 0.73 5.0
includes 49.00 52.00 3.00 0.94 6.0
includes 50.00 51.00 1.00 1.92 18.0
--------------------------------------------------------------------------
HA-143-D 50950 New Discovery 76.12 114.25 38.13 0.53 9.0
includes 77.00 90.00 13.00 0.85 16.0
includes 78.00 86.00 8.00 1.14 23.0
includes 113.00 114.25 1.25 2.53 33.0
--------------------------------------------------------------------------
HA-144-D 50950 New Discovery 128.00 162.43 34.43 0.74 12.0
includes 129.00 145.00 16.00 1.12 19.0
includes 130.65 137.00 6.35 2.05 34.0
includes 161.00 162.43 1.43 2.21 30.0
includes 161.00 161.78 0.78 3.55 50.0
--------------------------------------------------------------------------
HA-145-D 51025 New Discovery 10.87 44.00 33.13 0.81 11.0
includes 11.87 25.00 13.13 1.75 27.0
includes 13.00 24.00 11.00 1.98 32.0
48.00 53.00 5.00 1.48 12.0
includes 49.00 53.00 4.00 1.77 15.0
includes 50.00 53.00 3.00 2.17 18.0
--------------------------------------------------------------------------
HA-146-D 51050 New Discovery 73.00 115.27 42.27 0.64 12.0
includes 74.00 87.00 13.00 1.18 27.0
includes 76.00 87.00 11.00 1.25 32.0
includes 111.00 115.27 4.27 1.10 14.0
includes 114.00 115.27 1.27 2.19 29.0
--------------------------------------------------------------------------
HA-147-D 51050 New Discovery 128.00 166.85 38.85 0.55 8.0
includes 130.00 144.00 14.00 0.89 14.0
includes 133.00 140.00 7.00 1.21 19.0
includes 163.00 166.85 3.85 1.00 13.0
includes 164.00 166.85 2.85 1.17 15.0
--------------------------------------------------------------------------
HA-148-D 51125 New Discovery 18.28 57.80 39.52 0.65 6.0
includes 20.80 28.00 7.20 1.62 10.0
includes 21.12 28.00 6.88 1.65 10.0
includes 31.00 35.00 4.00 0.76 3.0
includes 31.00 33.00 2.00 1.05 5.0
includes 53.98 57.80 3.82 1.74 28.0
includes 55.73 57.80 2.07 2.81 49.0
--------------------------------------------------------------------------
HA-149-D 51150 New Discovery 81.00 119.68 38.68 0.38 5.0
includes 81.00 90.00 9.00 0.72 7.0
includes 85.00 87.00 2.00 1.01 3.0
--------------------------------------------------------------------------
HA-150-D 51150 New Discovery 142.00 178.00 36.00 0.33 8.0
includes 143.00 145.00 2.00 0.86 39.0
includes 144.00 145.00 1.00 1.02 68.0
includes 150.22 152.00 1.78 1.06 13.0
includes 150.22 151.00 0.78 1.35 7.0
includes 176.35 178.00 1.65 1.16 15.0
--------------------------------------------------------------------------
HA-151-D 51225 New Discovery 7.50 14.00 6.50 1.42 4.0
10.03 46.60 36.57 0.50 2.0
includes 11.03 24.08 13.05 1.00 4.0
--------------------------------------------------------------------------
HA-152-D 51250 New Discovery 89.00 128.80 39.80 0.42 6.0
includes 94.00 101.00 7.00 0.90 16.0
includes 97.00 99.00 2.00 1.63 38.0
includes 125.00 128.30 3.30 0.73 9.0
--------------------------------------------------------------------------
HA-153-D 51250 New Discovery 152.00 186.14 34.14 0.35 6.0
includes 152.00 154.00 2.00 0.67 8.0
includes 184.00 186.14 2.14 1.64 24.0
includes 185.00 186.14 1.14 2.31 32.0
--------------------------------------------------------------------------
HA-154-D 51325 New Discovery 12.14 42.16 30.02 0.24 2.0
--------------------------------------------------------------------------
HA-155-D 51350 New Discovery 86.00 119.50 33.50 0.38 8.0
includes 86.00 88.00 2.00 0.58 5.0
includes 90.75 99.00 8.25 0.66 17.0
includes 91.14 92.00 0.86 1.34 26.0
includes 107.00 110.00 3.00 0.55 12.0
includes 116.00 119.50 3.50 0.50 8.0
--------------------------------------------------------------------------
HA-156-D 51350 New Discovery 146.35 180.90 34.55 0.30 5.0
includes 148.50 151.00 2.50 0.60 3.0
includes 159.40 162.00 2.60 0.57 14.0
includes 165.00 167.00 2.00 0.50 11.0
includes 179.53 180.00 0.47 1.63 22.0
--------------------------------------------------------------------------
HA-157-D 51425 New Discovery 19.60 57.08 37.48 0.36 3.0
includes 20.58 31.00 10.42 0.60 6.0
includes 29.35 31.00 1.65 1.21 5.0
includes 55.00 57.08 2.08 0.68 4.0
--------------------------------------------------------------------------
HA-158-D 51450 New Discovery 84.08 117.08 33.00 0.51 9.0
includes 95.00 99.00 4.00 1.24 22.0
includes 98.00 99.00 1.00 3.04 45.0
includes 103.00 108.08 5.08 1.08 23.0
includes 105.00 106.00 1.00 3.72 70.0
--------------------------------------------------------------------------
HA-159-D 51425 New Discovery 159.00 180.75 21.75 0.35 8.0
includes 159.00 167.00 8.00 0.45 10.0
includes 172.00 174.00 2.00 0.58 13.0
--------------------------------------------------------------------------
HA-160-D 51525 New Discovery 23.00 56.52 33.52 0.44 3.0
includes 24.00 41.00 17.00 0.58 4.0
includes 25.00 26.00 1.00 1.10 6.0
includes 33.00 34.00 1.00 1.40 4.0
includes 54.00 56.52 2.52 0.74 3.0
--------------------------------------------------------------------------
HA-161-D 51550 New Discovery 83.00 113.82 30.82 0.30 8.0
includes 98.00 99.00 1.00 1.19 81.0
--------------------------------------------------------------------------
HA-162-D 51550 New Discovery 150.00 179.45 29.45 0.23 4.0
--------------------------------------------------------------------------


Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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